The Financial Conduct Authority (FCA) has fined Threadneedle Asset Management Limited (TAML) £6,038,504 ($9.03m) for failing to put in place adequate controls in the fixed income area of its front office, and for providing inaccurate information to the regulator and for failing to correct the inaccurate representation for four months.

Lucidus Capital Partners, a high-yield credit fund founded in 2009 by former employees of Bruce Kovner’s Caxton Associates, has liquidated its entire portfolio and plans to return the $900m it has under management to investors next month, according to a statement Monday from the company.

Russia’s central bank fined Deutsche Bank less than $5,000 for compliance failures in a probe into alleged trading violations, said people with knowledge of the matter, after the Russian regulator audited transactions at the bank’s Moscow office that are under broader scrutiny by U.K. regulators and U.S. prosecutors.

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A JPMorgan currency salesman became the latest banker to claim victory against his former employer after being fired in the wake of the foreign-exchange manipulation scandal, with a London tribunal ruling he was unfairly dismissed.

Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay.